Mandelic Acid Market size will continue to see strong growth with growing application potential across the healthcare and personal care industry.
Mandelic acid, an aromatic alpha hydroxy acid, extracted from bitter almonds is an essential ingredient in cosmetic and medicine industry. It is used as an intermediate & antimicrobial in personal care and pharmaceutical products.
Rise in consumer purchasing power accompanied by increase in application scope pertaining to adult acne will stimulate mandelic acid market in cosmetic applications. Global cosmetic industry spending was over USD 465 billion in 2015 and is predicted to surpass USD 670 billion by 2023, increase in women participation at work accompanied by growth in men preference for creams and lotion has driven product demand.
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As a cosmetic ingredient, it possesses various advantages, making it suitable to meet consumer needs which includes exfoliating dead skin, repair sun damaged skin, treats freckles, and acts an anti-aging formula. The product has anti-bacterial properties which makes them ideal for pharmacological uses. As it can be used with methenamine in order to produce mandelamine, which is used to treat chronic urinary tract infections (UTI). Moreover, structurally it acts as an antibiotics used for bacterial infections treatment.
APAC, led by India and China mandelic acid market size, is projected to witness significant growth; major hold in global cosmetic industry share i.e. over 32% in 2015 accompanied by large population size are potential reasons to foster regional industry growth. Increase in per capita disposable income coupled with cosmetic industry growth is likely to favor product demand.
Mandelic acid market price trend will play a critical role in penetration, especially in the cosmetic ingredient space. Global synthetic biology market size was estimated at over USD 1 billion in 2010 as per industry estimates, and forecast to surpass USD 10.6 billion by 2016.
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Synthetic biology production or naturally sourced molecules for personal care products and cosmetics are launching into the market. Squalene, an emollient, has traditionally been sourced from the deep sea shark liver, in recent times plant-based alternatives have been explored and commercialized to some extent. Global squalene market size was over 2.5 kilo tons in 2014 and is likely to gain above 9% CAGR up to 2022.
This latest Mandelic Acid Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Mandelic Acid industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles
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Key Insights in this Report
- Global Mandelic Acid Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
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- Competitive benchmarking with market share analysis and company profiles
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